regulatory
confidence high
sentiment positive
materiality 0.80
NYSE Arca files 19b-4 to convert Grayscale Bitcoin Trust (GBTC) into spot ETF
Grayscale Bitcoin Trust ETF
- NYSE Arca filed Form 19b-4 with SEC to list and trade GBTC shares as a Bitcoin spot ETF under Rule 8.201-E.
- GBTC holds ~3.44% of all Bitcoin in circulation and has nearly $40B in AUM.
- Filing follows SEC clearance of Bitcoin Futures ETF; Grayscale argues spot ETF should also be permitted.
- Grayscale committed to converting all 14 of its other digital currency investment products into ETFs.
- If approved, GBTC would become the first Bitcoin spot ETF in the US.